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October 24, 2024

U.S. Announces Preliminary Tariff Hike on Solar Imports from Southeast Asia

solar power plant
solar power plant
October 24, 2024

The U.S. Department of Commerce (DOC) recently unveiled preliminary anti-subsidy countervailing duties on solar imports from four Southeast Asian countries – Vietnam, Cambodia, Malaysia, Thailand. These duties followed a formal trade complaint by the American Alliance for Solar Manufacturing Trade Committee, which accused Chinese-based companies operating in Southeast Asia of violating anti-dumping regulations, undercutting U.S. solar manufacturers at home and abroad. The subsidies rates determined by the DOC for Cambodia (8.25%), Malaysia (9.13%), Thailand (23.06%), and Vietnam (2.85%) were still lower than expected. Comparatively, manufacturers from other regional partners such as South Korea face subsidy rates upwards of 15% for products made in Malaysia. Despite the lower-than-expected subsidy rates for ASEAN countries, companies in Vietnam and Thailand will still face duties retroactively for 90 days because the DOC found a surge in shipments to the U.S. to bypass potential duties.

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